Monster Copper Corporation
TSX VENTURE : MNS

Monster Copper Corporation

January 16, 2007 09:00 ET

Monster Copper Announces Plans to Resume Drilling on the Mustang Lake Uranium Property, Labrador

RICHMOND HILL, ONTARIO--(CCNMatthews - Jan. 16, 2007) - Monster Copper Corporation (TSX VENTURE:MNS) is pleased to announce plans to resume work this March on the Mustang Lake property in the Central Mineral Belt of Labrador. A 4,000 metre drilling program is proposed, concentrating initially on following up on a best previous intercept of 9.11 metres of 0.12% U3O8 in hole SP-06-10. The Mustang Lake property is part of a 50:50 joint venture with Santoy Resources Ltd (TSX VENTURE:SAN).

The SP-06-10 intercept is considered significant because it is similar in width and tenor, and occurs in the same geological setting as the Michelin deposit, which is located 8 km to the SW. Aurora Energy has reported a NI 43-101 compliant Measured and Indicated Resource of 22.2 million pounds of U3O8 with an additional Inferred Resource of 13.4 million pounds of U3O8 for Michelin (source www.aurora-energy.ca).

A thorough review of all drill results augmented by structural field data gathered in 2006 has lead to the interpretation that the mineralization intersected at Mustang Lake is structurally controlled and plunges to the southwest, as it does at Michelin. Drilling will commence by following the known mineralization in SP-06-10 down-plunge and along a northeast structural trend. Interpretation of regional satellite imagery has revealed a northeast-trending structure which passes close to Michelin and continues through the Mustang Lake property. This same trend is also apparent in historical (BRINEX) ground magnetic data at Mustang Lake and will be tested in the current phase of drilling.

Operatorship of the joint venture has recently changed to Monster Copper. Prior to commencement of drilling, a 60 line kilometre ground magnetic survey is scheduled to be completed in order to assist in more accurately defining the position of major structures on the property. The Qualified Person, as defined by NI 43-101, responsible for the review of this news release is Tom Setterfield, Ph.D., P.Geo., V.P. Exploration for Monster Copper Corp.

About Monster Copper Corporation

Monster Copper (www.monstercopper.com) is dedicated to the discovery of world-class IOCG copper-gold-uranium deposits with an experienced IOCG exploration team. In addition to the Santoy JV, Monster Copper is exploring its wholly-owned Aillik east property for uranium. The Company is also exploring for IOCG style copper-gold deposits is the Carajas Mineral Province in northern Brazil by partnering with Xstrata Copper.

MONSTER COPPER CORPORATION

Michael J. Downes, President, C.E.O. and Director

This news release may contain "forward-looking statements". These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Monster Copper Corporation
    Michael Downes
    President
    (905) 780-8783
    (905) 780-8790 (FAX)
    or
    Monster Copper Corporation
    Rob Carriere
    Investor Relations
    (604) 687-3929
    Email: info@monstercopper.com
    Website: www.monstercopper.com